Ero Copper (ERO) Scheduled to Post Earnings on Tuesday

Ero Copper (NYSE:ERO) is scheduled to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.11 per share for the quarter.

Ero Copper (NYSE:ERO) last released its earnings results on Thursday, March 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $116.41 million during the quarter, compared to analyst estimates of $104.20 million. Ero Copper had a net margin of 21.71% and a return on equity of 13.16%. During the same period in the previous year, the company posted $0.24 EPS. On average, analysts expect Ero Copper to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Ero Copper Trading Up 2.4 %

NYSE ERO opened at $21.11 on Tuesday. The firm has a market cap of $2.17 billion, a P/E ratio of 21.54 and a beta of 1.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.23 and a quick ratio of 0.94. The stock’s 50-day moving average is $18.81 and its 200-day moving average is $16.00. Ero Copper has a one year low of $11.35 and a one year high of $24.38.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. TheStreet raised Ero Copper from a “c” rating to a “b-” rating in a research report on Friday, March 8th. Pi Financial raised Ero Copper from a “neutral” rating to a “buy” rating in a research report on Thursday, April 18th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.00.

About Ero Copper

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.